Housing Market 2024 Interest Rates Uk. The bank of england made the first cut to interest rates in four years in august 2024, giving hope to mortgage holders that the borrowing squeeze is coming to. House prices rose 1.7% in 2023, the halifax announced last week, underlining how positive the data has become since last summer, when declines of 5% looked likely.
Uk mortgage interest rates can change quickly at the moment, depending on the current cost of swap rates, bank of england (boe) base rate. Recent cuts to mortgage rates, with more to come, amid improving confidence.
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